Connect with us

Hi, what are you looking for?


EU trade chief pledges to speed up efforts to strike new deals

The EU will accelerate efforts to strike new trade deals with “like-minded partners” as the bloc tries to reduce its dependence on Russian energy and natural resources, the EU’s trade chief said in an interview with the Financial Times.

European Commission Executive Vice President Valdis Dombrovskis said the EU needs to “broaden its base” of trading partners to become more “resilient” in areas like raw materials and commodities.

“We can use our network of free trade agreements (FTAs) to face the current geopolitical challenges, to diversify away from Russia’s supplies, to strengthen the resilience of supply chains,” Dombrovskis told the FT.

“If we want to reduce our dependence on raw materials from some providers, we need to broaden our base,” he said.

The EU is hoping to strike a raft of new deals including with Australia and Chile  — and recently reached an agreement with New Zealand. But the Commission has also been struggling to conclude and ratify deals, especially under the more reluctant French presidency of the Council, which wrapped up at the end of June.

“Having a wide network of FTAs is a source of diversification and thus a source of resilience,” Dombrovskis told the newspaper.   

Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like


Germany should allow the blocked Nord Stream 2 pipeline to begin pumping Russian natural gas so “people do not have to freeze in winter...


Russian President Vladimir Putin and his Chinese counterpart Xi Jinping are both planning to attend the G20 summit in Bali in November this year, Indonesian...


Gabrielius Landsbergis is the minister of foreign affairs of Lithuania. Even before the surge of those fleeing after Belarus’ rigged 2020 election, Lithuania had...


Press play to listen to this article Bavarian Premier Markus Söder and his predecessors spent years battling wind energy projects and high-voltage power lines...

Foreign Policy

Barbara Slavin directs the Future of Iran Initiative at the Atlantic Council. She tweets at @BarbaraSlavin1. There are many reasons why Iranian officials have...


On a scale of 1 to 5, Finland’s prime minister is first choice for our jury to party with.  In leaked videos, the 36-year-old...


Russian patriotic hackers hit Estonia’s public institutions and private companies with a cyberattack Wednesday following the country’s removal of a Soviet tank monument and...


Press play to listen to this article A dream told her where to dig. The bone-dry, blazingly hot year of 1540 had parched some...